three in which he pointed out that the democrats had always been the santa clause they brought social security unemployment insurance forty hour work week body brought it well and the republicans were always the scourges they were always saying no can't do that you can't afford. can't do that and he said we have to figure out a way to not only make the republican santa clauses but force the democrats to shut senate and the strategy for doing that that he laid out was that when republicans were president they should basically spend like drunken sailors run up huge debt never mention the debt and benefit of course in the stimulus spending and then as soon as a democrat comes into office start screaming about the debt and force the end if the debt could be made a large enough then you could actually force the democrats to have to cut back on their own social programs and shoot santa clause and it has been i mean ever since nine hundred eighty that's exactly the strategy sure seems to me has been played out. do you know jude was this a cot topic of conversation in the white house in the o

to cause the democrats to shoot santa clause and the way that the way that he did it very simple very straightforward he said whenever a republican comes into office that republican as president should see. spend like a drunken sailor borrow as much money as possible which would stimulate the economy ne and have lots and lots of tax cuts which would make the republican the santa clause and make everybody happy right and then as soon as the republican is all out of office and a democrat comes into office and starts screaming about the deficits don't talk about anything except the deficit's and force the democrats to say ok we're going to scale back spending in other words shoot santa clause in the shoot the democratic santa clause in his own foot when he thought there was a very elegant and reagan actually put into practice reagan borrowed and spent more money in his eight years than every president from george washington to ronald reagan come by george w. bush made it into an artform so this is you know it was george herbert walker bush called his voodoo economics but the bottom line

a live shot of santa clauses go. perhaps it was loud. of hanging over the. we will be right back. >> italy. switzerland is place a ceiling on the swiss franc which has been rising dramatically in recent weeks. concerns about a global recession and fears about our current backlog while global growth. in doubt is all above the 11,000 mark.- >> it's in the midst of a financial crisis, the u.s. postal service is going to capitol hill facing a second straight year of losses of $8 billion or more. to the disease asking congress to take immediate action in beginning with christine and mandate that requires the + + service to make billions of dollars in surplus in payments are to a retiree health hunter. hope is a $5.5 billion deal due at the end of the month and a close to a service campaign without this legislation. " they say that it would go into default., 713 a and, hair when it stack of areas in back of her at 745. in a half-hour earlier talks cords in gary's and rolled her. where is a look at the golden gate bridge. everyone returning to work. we will be righ